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or is it time to be a contrarian? jeff cox joins us along with liz ann saunders of charles schwab. liz, what do you think about the s&p for the end of next year? you think these guys are crazy when they say 1600 by the end of next year? is it possible? >> i think anyone is crazy trying to index where the s&p is going to close a year from now. it's precisely why we don't do it. i'm not sure it's the best message for investors. that said, i think the seeds are there for a decent rally. i'm not quite so sure they've been sewn yet. we have to get past this thing we're all tired of talking about, which is the fiscal cliff. from a valuation perspective, eventually from a sentiment perspective, i think if the fundamental get passed from an economic standpoint, i think the market looks decent. >> jeff cox, what do you make of these brokerages coming out with higher numbers for next year when the expectation is even if we get a deal on the fiscal cliff, chances are we get a slower economy next year because of the higher taxes and cutting spending? >> i want to touch on something that liz just said. i ha
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. if you go to e*trade, it's $9.99. charles schwab, $8.95. why are there such different and huge varieties in trades when any consumer can simply look this up and find the cheapest one? >> picture does a lot of people just don't bother to look it up. the reality is that schwab and e*trade, they each spent an average of more than $200 million a year on advertising that gives consumers a real sense that they are sirs brokers. the truth is that interactive brokers have been around since 1977, they have over 200,000 customer accounts and they are a very serious brokerage and the only charge a dollar trade. so that's a great alternative. gei: another thing that people like to talk about is charles schwab in the 10 seconds, e*trade, -- if you care about that kind of income and the execution is really quick. and investing in online brokerage deals. there are bonuses he can get. e*trade has bonuses of 50 to 5500, cash bonuses, ameritrade giving out $100 or $600 in cash bonuses. charles schwab will give you a free and short of it with an initial deposit. they are really paying off for these account
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1-888-280-0157 now. optionsxpress by charles schwab. woke up in a -- >> well, sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. look, we already know the president is a very good campaigner. we congratulate him on his re-election. what we don't know is whether he has the leadership qualities to lead his party to a bipartisan agreement. >> all right. here with us now from the director of the national white house economic council former treasury secretary, president emeritus at harvard, lawrence summers back at the table. but can i say it -- >> where's the rest of him. >> a lot less of you. you look fantastic. >> thank you very much. >> i can't help -- i have to say it because i'm sort of a health food person and i'm reading some of the things that you've said of recent about the -- what's going on with the cigarette industry and how perhaps it might even be something that we see with junk food industry. would you agree with me on that? just
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, the charles schwab cup, the recent nfc championship games. these events put san francisco on a national stage. every employee, supervisor stepped up and made both events extremely successful. it was transparent to the attendees and the television viewers that there was a third team out there. that was the recreation and parks department. it is extremely proud of my team. add to this one of the most beautiful park systems in the world. i am extremely lucky. lastly, i want to thank my parents and my wife, vivian, and my two daughters, jennifer and some of the, for their love and support. thank you. [applause] >> steve castile. [applause] >> i started working for the public works department 15 years ago. we are like a family. it is a very close-knit group. i think, because of that, we get the best out of people. one of the problems we encountered in the city was we were not able to pay our vendors and contractors. people were entering data inconsistently. documents were always getting lost. payments were not going out. the numbers do not add up. everything has to flow horizontal and vertical lea
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. we'll be right back. >>> market update is sponsored by charles schwab. start trading with street smart edge today. 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-25
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